BC CRYPTO
Saved by @Mollyycolllinss

Excited to share our 2020 #Bitcoin review.

2020 will be remembered as the year the long fabled institutions finally arrived and #Bitcoin became a bonafide macroeconomic asset.

Below are the top highlights of each month for Bitcoin’s historic year.

1/

 Bitcoin is now at all-time highs capping off an extremely successful year.

But it was by no means stable ride up.

2020 was a historically volatile year.

@YoungCryptoPM and I provided a detailed overview of every month of 2020 in all its glory.

https://t.co/qZZWdNBbTm
Jan.

3 days into the new year the US assassinated Iran’s top general Soleimani.

BTC surprisingly reacted to the events behaving like a safe haven as the risk of war increased.

The events provided the first hints of BTC potentially having graduated to a legitimate macro asset.
Feb.

COVID-19 reached a tipping point causing markets to crash.

BTC’s correlation with the S&P 500 reached an ATH in the following weeks.

This is when everyone learned BTC was not a recession hedge, it was a hedge against inflation and loss of confidence in fiat currencies. https://t.co/JB7dJ3qp6M
Mar.

Financial markets in free fall.

The liquidity crisis was so severe BTC experienced one of it’s worst days ever.

Now known as Black Thursday, on March 12, BTC plummeted as much as 50% to below $4,000 at its lowest point on the day.

BTC closed the day down 40%
The sell-off was so violent that cryptocurrency market structure broke due to a cascade of large liquidations on derivatives exchanges.

With turmoil in broader financial markets as the backdrop central banks start printing and governments launch bazooka stimulus packages.
Apr.

Money printer goes brrr meme goes mainstream.

By the end of the month the top four central banks had printed more than $3.5 trillion in just seven weeks.

QE infinity, 0% interest rates, and MMT enter the conversation.

The inflation narrative for #BTC is planted.
May.

Legendary macro investor Paul Tudor Jones revealed that his Tudor BVI fund would be investing a “low single-digit percentage” of its assets under management in Bitcoin.

Says BTC is the fastest horse in the inflation hedge race and says BTC Reminds him of gold in 1976.
The Bitcoin halving came on May 11, reducing issuance per block from 12.5 BTC to 6.25 BTC.

Despite all the hype around the halving it was ultimately uneventful...

Surprise surprise.

https://t.co/pFHTovsayE
Jun.

The most boring month of the year for Bitcoin.

Despite all the action in Ethereum’s DeFi ecosystem and broader financial markets, Bitcoin traded range bound between $9,000 and $10,000 for 60 days starting at the end of May.

It was kind of eerie.
Jul.

The OCC granted national banks and federal savings associations authority to provide cryptocurrency custody services to customers.

This provided regulatory clarity for banks and paved the way for them to launch cryptocurrency products.

https://t.co/XjG2vtAGBl
Aug.

MicroStrategy (MSTR) announced it purchased $250mm worth of Bitcoin (21,454 BTC) as part of a new capital allocation policy aimed at hedging inflation.

MSTR would go on to purchase 70,470 BTC over the next few months.

Its current holdings are worth over $1.7 billion.
Sep.

Bitcoin tokenized on Ethereum reached over $1 billion (~92,600 or 0.5% of the total Bitcoin supply).

This growth was primarily fueled by yield opportunities in Ethereum’s DeFi ecosystem.

There is now nearly $3.5 billion of BTC on Ethereum.
Oct.

First day of the month, the DOJ and the CFTC filed charges against BitMEX.

The group was accused of operating an unregistered trading platform and violating CFTC rules, including AML and KYC regulations.

BTC surprisingly barely flinches on the news.
On Oct 8, Square announced it had purchased $50 million worth of Bitcoin (4,709 BTC) for its treasury.

On Oct 21, PayPal launched a new service enabling its 325 million users to buy, hold, and sell cryptocurrency.

Fwiw we noticed an interesting trend. https://t.co/T52DDHci5o
Nov.

Bitcoin received yet another major institutional validation, this time from legendary macro investor Stanley Druckenmiller who said he owned BTC.

Weeks later Citigroup published a report stating that BTC could reach $318,000 by the end of 2021.

https://t.co/7OPrjSpyuO
At the end of November Bitcoin begins flirting with all-time highs off the strength of increased institutional interest.
Dec.

MassMutual becomes 1st insurance firm to buy Bitcoin.

UK based investment manager Ruffer Investment buys Bitcoin.

Guggenheim CIO Scott Minerd stated that the BTC could reach over $400,000 based on the assets scarcity and the relative value to gold.
https://t.co/YpgA3zi133
On December 16, Bitcoin finally breaks all-time highs and blows past the $20k psychological barrier.

It was the biggest sign that a new era for Bitcoin had arrived - market validation.

Not surprising, a day later, Coinbase announced it was going public. https://t.co/NRmmBICTdj
In the years leading up to 2020 it was clear to many that Bitcoin 𝘤𝘰𝘶𝘭𝘥 become valuable as a fixed supply digital store of value, but it was unclear when it 𝘸𝘰𝘶𝘭𝘥 become so.

As Covid-19 came into the picture this year the “when” question became more discernible.
In response to the economic effects of Covid-19 governments around the world have inflated money supplies at historic rates, causing many to begin to question the value of fiat currencies.

https://t.co/kh1ojnJMQc
This has accelerated the timeline for when Bitcoin matters as investors search for inflation resistant assets to hedge against potential fiat currency devaluations.

Bitcoin has the added kicker that it’s an inflation hedge fit for the Digital Age.
#BTC is playing an increasingly important role in the global monetary system, and with institutional grade infrastructure and regulatory clarity, the pathway for increased institutional adoption of Bitcoin in 2021 is clear.

Hope yall enjoy our 2020 review
https://t.co/qZZWdNBbTm

More from Crypto

Brett Scott
Brett Scott
@Suitpossum
With Bitcoin's rising price I get many people asking me my opinion about it: Here are nine tips

1) Don't take advice about Bitcoin from those with a vested interest in seeing its price rise. That's like listening to CDO dealer in 2006. When prices go up, critical thought go down

2) Bitcoin is fascinating from a tech perspective, but don't fall for the rhetoric of monetary revolution. I was among the early users of Bitcoin & actually tried to use it as 'money', but it's not a monetary system. It's a system of cyber-collectibles, priced in dollars

3) By all means pass your money to a seller of these collectibles, but don't do so under the illusion that you're engaging in rebellion, or that you're doing prudent investment. You're doing what you're doing, which is buying a collectible from someone who is taking your money

4) Unlike many other collectibles, Bitcoin has no actual features, other than the fact that it can be moved around. It has a highly innovative issuance & movement mechanism, but that's somewhat meaningless if the thing being issued and moved is featureless

5) In fact, its only feature is its logo and the language that surrounds it. Without that the tokens are basically just blank digital objects, the digital equivalent of passing around fragments of limited edition clear glass beads
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Algostorm \u26a1 2/7/2021 6 pm EST ALGOWORLD USA
Algostorm ⚡ 2/7/2021 6...
@AW_USA
Unlike #ETH and #BTC $ Algo uses delegated proof of stake (DPOS) #AlgorandandFriends


Under the DPOS mechanism, the community will empower a number of users the delegates to choose the next block. This is a mechanism that is used by blockchains such as EOS etc. $Algo

There is a fixed number of delegates & these delegates can be viewed as having centralized control. In the adipose blockchain, the delegates may own a tiny fraction of the total money in the system. Yet, the whole blockchain is secure. $Algo

The Algorand consensus mechanism is called pure proof of stake. And it operates on this simple principle. It makes cheating by a minority of the money impossible and cheating by the majority stupid. $Algo

$Algo developed a mechanism so that those with small stakes cannot cheat, those that have a large stake in the network won’t cheat. It will completely devalue their holdings & make no economic sense. As long as 2/3 of the majority are honest, the protocol will work just fine. $
CRYPTO
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David Schwartz
David Schwartz
@JoelKatz
@VentureCoinist @HypeBillion @MycolePawket If the whole world settled on one stablecoin, I'd agree with you. But stablecoins are always going to be tied to jurisdictions and counter-parties too. So it is unlikely one winner will emerge.

@HypeBillion @MycolePawket Today, one of the roles of the dollar is acting as an intermediary or bridge between currencies. For that role, its tie to the US jurisdiction is both an advantage and a disadvantage. Better US than a worse jurisdiction, but a pure digital asset is better still.

@HypeBillion @MycolePawket Imagine a future (maybe not so far off) where everything is tokenized and you can have your salary agreed in dollars but gold gets delivered to your wallet and you can buy groceries by selling tokenized shares of a REIT.

@HypeBillion @MycolePawket In that world, there will need to be concentrations of liquidity. You can't go from gold to shares of an obscure REIT by finding people who want to go those same shares to gold. The liquidity-concentrating asset likely can't be one country's currency. How could that be universal?

@HypeBillion @MycolePawket So, sure, if you get paid in dollars and pay your bills in dollars, it may make sense for you to use a dollar-denominated stablecoin for short-term holdings and payments. Absolutely.
CRYPTO
Vitor Const\xe2ncio
Vitor Constâncio
@VMRConstancio
Tesla just announced that it had bought 1.5 billion dollars of bitcoin and could in the future sell cars in bitcoins. Since this morning both Bitcoin and Tesla are going up in the market. Maybe there is afterall something in the saying that“Bitcoin is Tesla without the cars”1/ 20

Musk is seen as a genius, a true Midas, by many investors and millennials. For them he can never go wrong. He became recently the richest man in the world dur to Tesla stock valuation (+353% yoy). He moves markets and today´s announcement is “kind of legitimise “ bitcoin 2/

Tesla shares attained $870 which represents a Price/ Earnings ratio of 1.747 (!) on the basis of last year´s profits. Apple is at 37 and the S&P firms average is 23 (against a historical average ≈16). Future profits would have to increase a lot to justify a more normal ratio 3/


Tesla has a good product but the question is if it will sell enough cars to get such profits in face of coming fierce competition. However, this is not the question I want to comment upon. It is also not about what may interest the SEC and market conduct…4/

It was not disclosed when Tesla had made this investment. In December, Musk said that Tesla could buy bitcoin, and this was followed by many statements that he supported bitcoin. Bitcoin kept going up & Tesla investment has appreciated. The SEC will look into this 5/
CRYPTO
Lee | The Winter Ouroboros
Lee | The Winter Ourob...
@WinterOuroboros
You are running out of time to get ahead in cryptocurrency.

You know what's coming:

🔺️ Regulation
🔺️ More shutdowns
🔺️ Banks deciding who gets to do business

It's time you got your own crypto wallet.

Don't know how? I'll show you.

/////THREAD\\\\\

METAMASK

What's metamask? It's a wallet. That you -- I mean YOU -- own.

You see, when you buy crypto through an exchange like CoinBase, you own it but only kind of.

If they get

🔺 Hacked
🔺 Shutdown
🔺 Servers crash

-- your money is STUCK.

We are gonna avoid that 👇


First thing,

Go to

https://t.co/JXAp9o5RzJ

You can download it on your computer. It's a browser extension.

Alternatively, go to the app store on your Android or iPhone. It's there too.

As part of the setup process, you will choose a password.

More importantly though...

SEED PHRASE

As you follow the setup process, you will be given a 12-word seed phrase.

WRITE. THIS. DOWN.

Take it down and guard it like the map to Davey Jones' Locker.

THESE ARE THE ONLY WAY TO RECOVER YOUR ACCOUNT.

DO NOT LOSE.

We good? Great.

Let's continue.


Once you're all setup, your MetaMask wallet is going to look something like the picture below.

See where it says Crypto Address? That's where your actual address will be.

It'll be a random arrangement of letters, numbers, etc.

Click on it to copy to your clipboard

NEXT STEP
CRYPTO

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STEALTH JEFF
@drawandstrike
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Bin Salman heads only one faction.

Mohammad Bin Salman [MbS] not only has to deal with states in the region that want to thwart his plans for Saudi Arabia [SA} & the Middle East [ME] such as Iran, Turkey, Syria, Russia, Quatar...he also has people inside SA itself that don't like his reforms or agenda.

So when the narrative gets presented that "The only way Khashoggi could end up dead is on the direct orders of MbS" you might want to keep this in mind.

There are SEVERAL ways Khashoggi could end up meeting his demise at the hands of Saudis not working on the orders of MbS.

Powerful factions within SA, several of whom do not like the Crown Prince's reforms or the fact he was promoted to his current position ahead of others in the royal family, could have done this in the hopes of pinning it on MbS.

Too many false/fake news stories came out of Turkey in the past week to say anything further. This latest news comes just after it was reported Pompeo heard an audio of the killing that was quickly walked back in less than a day.

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#Mahabhashiam #GovindaBhagavatpada #AdiShankara

Adi Shankara's guru was Govinda Bhagavatpada who in turn was a shishya of Sree Gaudapadacharya. Interestingly, his story is connected to Mahabhashiam by Patanjali and his 4 sons are prodigies in their own right.

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Sage Patanjali was very kind at heart, but extremely short tempered. After composing the colossal Mahabhashiam, he started to spread the knowledge by conducting classes.

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The flames burnt all 999 students in the class. The student who stepped out came in and said, "Gurudeva, don't worry. I am alive. I can propogate the knowledge of Mahabhashiam"

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There was a Gandharva who comes & says, "Master, I have learnt the Mahabhashiam from the nearby Peepal tree. I can help spread the knowledge"

Patanjali was livid and anger and curses him that he has cheated and hence, should become Brahmarakshasa.

4/

Gandharva begs for forgiveness. Patanjali says that he will meet a befitting student to whom he should teach Mahaabhashiam. Once the student learns, he will be rid of curse

Brahmarakshasa starts to pose questions to passing by Brahmins. When they dont answer, he eats them

5/
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Muhammad Tukur
Muhammad Tukur
@emtukur
Assalam Alaiki dear Sister in Islam. I hope this meets you well. Hope you are keeping safe in this pandemic. May Allah preserve you and your beloved family. I would like to address the misconception and misinterpretation in your thread. Please peruse the THREAD below.


1. First off, a disclaimer. Should you feel hurt by my words in the course of the thread, then forgive me. It’s from me and not from Islam. And I probably have to improve on my delivery. And I may not quote you verbatim, but the intended meaning would be there. Thank You!

2. Standing on Imam Shafii’s quote: “And I never debated anyone but that I did not mind whether Allah clarified the truth on my tongue or his tongue” or “I never once debated anyone hoping to win the debate; rather I always wished that the truth would come from his side.”

3. Okay, into the meat (my love for meat is showing. Lol) of the thread. Even though you didn’t mention the verse that permitted polygamy, everyone knows the verse you were talking about (Q4:3).


4. Your reasons for the revelation of the verse are strange. The first time I came across such. I had to quickly consult the books on the exegeses or tafsir of the Quran written by renowned specialists!
RELIGION
Jaya_Upadhyaya
Jaya_Upadhyaya
@Jayalko1
HORANADU ANNAPOORNESHWARI, CHIKMAGALUR (KAR)
#bharatmandir

Annapoorneshwari is the Devi of nutrition and food. The literal meaning of Annapoorneshwari is “Feeding one and all”. Anyone who comes here is offered meals and shelter within the premises.
@LostTemple7


Maharshi Agastya is believed to have done pratishtha here.

Once, Shiva and Parvati had an argument. Shiva declared everything in the world including food to be Maya or illusion. To prove him wrong, Devi Parvati disappeared resulting in entire Earth becoming still.


Taking pity, Devi appeared as Annapoorna and relieved everyone.
Another belief is that once Shiva beheaded Brahma and his skull got stuck in Shiva’s hand. He was cursed that till the skull is not full of food or grains, it will remain stuck to his hands.


Shiva went everywhere and asked for food but the skull was never full. He finally came here and Maa Annapoorna filled the skull with grains and reversed Shiva’s curse.

It is believed that who ever visits Devi Annapoorna here will never be without food in their lives.
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WORLD OF SANATAN DHARMA
WORLD OF SANATAN DHARM...
@world_sanatan
LESSER KNOWN DETAILS ABOUT THE BATTLE OF PRATAPGAD - THIS YOU ALL SHOULD READ

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He destroyed so many villages, killed villagers to torture Chhatrapati Shivaji.

DETAILED VIEW- Running commentary

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